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government. >> that trickle down government phrase looks like an attempt to neutralize attacks on his tax plan as just one more version of, quote, trickle down economics. romney did some major cleanup work yesterday on the comment that had been the most damaging to his campaign in the last few weeks, the 47% comment. >> clearly, in a campaign with hundreds if not thousands of speeches and question and answer sessions, now and then you'll say something that doesn't come out right. in this case i said something that is just completely wrong. i absolutely believe, however, that my life has shown that i care about a hundred percent. >> that's what he said. everything he said there he said was completely wrong. does raise this question. how many resets can a presidential nominee have? take a look at romney's shifting responses over the last three weeks on 47% to put it all in perspective. >> as i point out i recognize that among those that pay no tax approximately 47% of americans i'm not likely to be highly successful with a message of lowering taxes. you know, it's not elegantly stated. let
around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. yet, the fellow on the stage last night, who looked like mitt romney, said he did not know anything about that. but i just want to make sure i got this straight. he'll get rid of regulations on wall street, but he's going to crack down on "sesame street." thank goodness somebody's finally cracking down on big bird. who knew he was responsible for all these deficits. >> mitt romney picked up the endorsement of the national rifle association earlier in the day yesterday. had some swagger as he walked on stage last night in fisherville, virginia. >> now, last night was an important night for the country because people got the -- [ cheers and applause ] they got the chance to cut through all the attacks and counterattacks and all of the theatrics associated with the campaign. instead, they were able to listen to substance. i appreciate the fact that jim lehrer asked questions of substance and we each responded to them. i got the chance to ask the president questions people across the country
. and he was caught in a lie today about his secret tax returns. >>> and in voter suppression news, a big win for voters in a pennsylvania courtroom today. and in the rewrite, the only way mitt romney can win the debate, it was all laid out for him by the best republican presidential debater ever, who was of course a fictional character in the t.v. series olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? we might still be making mix tapes. find this. pause this. play this. eject this. write this. it's like the days before esurance express lane™. you had to find a bunch of documents just to get a car insurance quote. now express lane finds your driving info with just
% of america. >> a new mitt romney took the stage last night. >> first of all i don't have a $5 trillion tax cut. i don't have a tax cut. >> really? is that so? >> across the board for all american. >> 20% across the board. >> by 20%. >> i don't have a $5 trillion tax cut i don't have a tax cut. >> if you want to be president you owe the american people the truth. >> i will repeal obamacare. >> the best course for health care is to do what we did in my state. >> he is saying he would not cut education. >> he says we need more firemen and more policemen. >> did he not get the message or wisconsin? >> who is the real mitt romney? >> every day he is in a different position. >> i'm going to stop the subsidy for pbs. >> he is going to crack down on seseme street. >> i love big bird. >> elmo has to watch out. >> i think i get the last word. >> with 33 days until the presidential election moments ago on fox news mitt romney said he was completely wrong when he said that 47% of americans are hopele lless losers. he was asked what he should have said. >> what would you have said if he did bring it up
got to do? we got to get to work. >> i'm not in favor of a $5 trillion tax cut. that's not my plan. >> why won't romney level with us about his tax plan which gives the wealthy huge new tax breaks? >> the obama campaign gets aggressive on mitt romney's lies on the airwaves. >> if we can't trust him here, how could we ever trust him here? >> and on the campaign trail -- >> governor romney made the dance around his positions but if you want to be president, you owe the american people the truth. >> tonight, stephanie cutter of the obama campaign on last night's performance and the way forward. sam stein, e.j. dionne on romney's style versus the president's substance. >> i like pbs. i love big bird. >> david k. johnston on romney's huge tax lie. james hoff of the teamsters on romney's 108 on his feelings for the american mid-dle class. and ohio state senator nina turner on what last night's debate means for the buckeye state. good to have you with us tonight, folks. thanks for watching. if it were just only a game, right? the presidential debate last night was ugly. it was an ugly nig
're going. governor romney has a perspective that says if we cut taxes, skewed towards the wealthy, and roll back regulations, that we'll be better off. i've got a different view. i think we've got to invest in education and training. i think it's important for us to develop new sources of energy here in america. that we change our tax code to make sure that we're helping small businesses and companies that are investing here in the united states. that we take some of the money that we're saving as we wind down two wars to rebuild america. and that we reduce our deficit in a balanced way that allows us to make these critical investments. now, it ultimately is going to be up to the voters, to you, which path we should take. are we going to double down on the top-down economic policies that helped to get us into this mess or do we embrace a new economic patriotism that says america does best when the middle class does best? and i'm looking forward to having that debate. >> governor romney, two minutes. >> thank you, jim. it's an honor to be here with you, and i appreciate the chance to be with
taxes on people at the high end of the income scale apreposterous. i think you would agree. obviously if the republicans get into power they are going to cut taxes at the high income and he got on stage tonight and said no. >> romney's problem is that this debate is in 2012, not 1812. we have things we can hit a button to show what he has said before. no doubt mitt romney was at his best tonight but his best is not good enough. when you look at the fact that he's saying that taxes will not go up on the middle class, yet he is proposing all the way through this campaign, dealing with deductions in terms of mortgage investments, dealing with deductions in terms of charity, it will in fact go up on the middle class and a much lower tax rate for the rich. the fact will not bear him out. when he stood there all night advocating states' rights across the board, what is that saying to women about who is going to decide on women's issues? what is that saying to minorities t immigration? this man went back to the 19th century on states' rights all night long. when we hear him talk about things
for the last year promising $5 trillion in tax cuts that favor the wealthy and yet the fellow on the stage last night looked like mitt romney said he did not know anything about that. >> also on thursday mitt romney took another huge step in his unfolding journey of self-discovery. speaking to shawn hennessy on fox news he repudiated the infamous 47% comments he made in may. >> in this case i said something that was just completely wrong. i absolutely believe, however, that my life has shown that i care about 100% and that's been demonstrated throughout my life and this whole campaign is about the 100%. when i become president it will be about helping the 100%. >>> all right. 100%. we're all in on the 100%. first let me throw it up to you guys. we've been chewing over the debate performance. i think my own take, that the president did not perform well in the debate. that's a real novel take on my part. that's what you tuned in for at home. but i don't think he performed as catastrophically poorly as other people seem to think he did. that's more or less where i'm at. maybe that's not great insi
running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy, the fellow on stage last night said he didn't know anything about that. >> last night i thought was a great opportunity for the american people to see two very din visions for the country. and i think it was helpful to be able to describe those visions. i saw the president's vision as trickle down government and i don't think that's what america believes in. >> overnight polls and "the denver post" give round one to romney. as a republican challenger went after the president's record. >> i just don't know how the president could have come into office, facing 23 million people out of work, rising unemployment, and economic crisis at the kitchen table, and spent his energy and passion for two years fighting for obama care instead of fighting for jobs for the american people. >> the president faulted romney for being too vague. >> at some point, i think the american people have to ask themselves, is the reason that governor romney is keeping all of these plans to replace secret because
that he's going to close deductions and loopholes for his tax plan. that's how it's going to be paid for but we don't know the details. he says that he's going to replace dot frank, wall street reform, but we don't know exactly which ones. he won't tell us. he now says he's going to replace obama care. at some point i think the american people have to ask themselves, is the reason that governor romney is keeping all these plans to replace secret because they are too good? is it because somehow middle class families are going to benefit too much from them? >> let me bring in nick khristoff. let me read one of your many tweets last night, nick. obama is such a gifted speaker but tonight he seemed passive, distracted and defensive. what happened? >> i mean n a word, he blew it. it is not the same as blowing a campaign. i think part of it was expectations and romney did much better than expectations. but beyond that, he let romney get away with accusing him of being the one who is undecided on big banks, on being the one who would let people lose their health insurance, of being the one
philosophical agreements to come through. first on taxes where the president pressed romney on what he characterized as a $5 trillion tax cuts. >> he's saying he's going to pay for it by closing loopholes and deductions. the problem is he's been asked over 100 times how to close the deductions and loopholes and he hasn't been able to identify them. >> virtually everything he said about the tax plan is enaccurate. if it were a tax plan i was asked to support, i would say absolutely not. i'm not looking for a $5 trillion tax cuts. i said i won't put in place a tax cut that adds to the deficit. >> for 18 months, he's been running on this tax plan, and now, five weeks before the election, he's saying his big bold idea is never mind. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut. that's not my plan. >> it dominated the deficit reduction part of the debate as the president reached back to an iconic moment from the primaries. >> governor romney stood on the stage with other republican candidates for the nomination, and he was asked, would you take $10 of spending cut
, for that matter, those two. to finance a big across the board tax cut but not tell us how. not what big across the board deductions he'll deny people in order to pay for it or even what taxes he's been paying himself over the years. or how he'll finance all those popular things in the president's health care plan once he kills the plan itself. lots of secrets. secrets because he himself has no earthly idea what the answers are. i'm joined by democratic strategist bob shrum and salon's joan walsh. first, however, we have two new national polls on the presidential race. let's check the "hardball" scoreboard. according to a new "washington post"/abc news poll, president obama has a two-point lead holding there, 49%/47%. same score in the new politico poll. obama by two, 49%/47%. "the new york times" this weekend reported on the two campaigns' ongoing debate preps. here is what they said about romney's prep. quote, mr. romney's team has concluded that the debates are about creating moments and has equipped him with a series of zingers he's memorized and has been practicing on aides since august. b
tax returns. >>> and in voter suppression news, a big win for voters in a pennsylvania courtroom today. and in the rewrite, the only way mitt romney can win the debate, it was all laid out for him by the best republican presidential debater ever, who was of course a fictional character in the t.v. series "the west wing." nd.. ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an office. get a free trial at constantcontact.com. most paints have color that sits on the su
they don't have enough time to explain how they will change your tax deductions, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first presidential debate. >> both candidates cramming for the first debate. >> everyone trying to lower expectations. >> franticly spinning to lower expectations. >> president obama is an experienced debatetor. >> i'm just okay. >> almost everyone seems to be muting enthusiasm in trying to undersell thvernlths is mitt's first time. >> i don't buy that. >> chris christie is taking a different tack. >> we have a candidate who is going to do extraordinary well on wednesday night. come thursday morning when we get to thursday morning, the entire narrative of
of the president's 20th wedding anniversary, they got down to business with details on taxes and debt and what is best for this country's middle class. >> this is where there's a difference because governor romney's plan calls for a $5 trillion tax cut on top of the bush tax cuts and military spending that the military hasn't asked for. it's $8 trillion. how we pay for that, reduce the deficit and make the investments we need to make without dumping those costs on to middle class americans is one of the central questions to this campaign. >> under the president's policies, middle income americans are buried. they are being crushed. their income has come down by $4,300. this is a tax in and of itself. call it the economy tax. it's been crushing. at the same time, gasoline prices doubled. electric rates are up, food prices are up. health care costs have gone up by $2500 a family. middle income families are being crushed. the question is how to get them going again. >> governor romney defended his tax plan repeatedly. the romney proposal would give breaks to the wealthy while putting a burden on
been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy, the fellow on stage last night said he didn't know anything about that. the real mitt romney said we don't need any more teachers in our classrooms. but don't boo, vote. but the fellow on stage last night, he loves teachers. can't get enough of them. the mitt romney we all know invested in companies that were called pioneers of outsourcing jobs to other countries. but the guy on stage last night, he said that he doesn't even know that there are such laws that encourage outsourcing. he's never heard of them. never heard of them never heard of tax breaks company for companies that ship jobs overseas. he said if it's true, he must need a new accountant. now, we know for sure it was not the real mitt romney because he seems to be doing just fine with his current accountant. so you see, the man on stage last night, he does not want to be held accountable for the real mitt romney's decisions and what he's been saying for the last year. and that's because he knows full well that
romney and i do share encouraging small business growth. in the time my tax plan already lowered taxes for 98% of families, i also lowered taxes for small businesses 18 times. and what i want to do is continue the tax rates, the tax cuts that we put into place for small businesses and families. >> i talked to a guy who has a very small business. he is in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes. federal income, state sales tax, property tax cab gas tax, over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. >> what is main street's reaction? we have two of our most outspeaken regulars here to discuss. app entrepreneur and best-selling author, find him at rural 1 investing upon the com. carol roth, can you find her at carolroth.com. good to you you guy he. >> you too, j. >> i think it is clear that romney ran all over obama. from a small business owner's persp
to explain what paul ryan could not, how he plans to pay for $5 trillion tax cut by only eliminating deductions. >> there's an option. you could say everybody is going to get up to a deduction and you could use your home mortgage deduction or others, health care deduction and fill that bucket, if you will, the $17,000 bucket that way and higher income people might have a lower number. >> at least the plan has a name. it's the bucket plan. mitt romney will cap deductions at $17,000 for all americans. is that good for the middle class? do the math. for rich americans, the cap, it just might be lower than that. he was very vague on that point as well. the big problem with romney's bucket plan besides being hilarious is it would only cover $1 to $2 trillion of the $5 trillion tax cut. that's according to the tax policy center. they figured it out. even when romney gives specifics he doesn't answer the questions. e we still don't know how he plans to pay for the tax cuts without hurting the middle class. paul ryan is sticking to his reason for not giving any specifics to chris wallace on
. but here's what mitt's been promising for the last two years. tax cuts for the wealthiest americans. how do you make that seem warm and fuzzy? well you just need to shake it up as hard as mitt did last night. so, let's give it a shot. okay. here we go. >> a little magic there. good day. i'm andrea mitchell live in washington today. the white house got some welcome news. a september jobs report with the unemployment number now down to 7.8%, the lowest rate since the president took office, first time below 8%. joining me for the daily fix, chris cizilla, msnbc contributor and managing editor of post-politics.com. the president out on the stump trying to make the best of it, these numbers can bounce around. we'll drill down on the economic facts and figures in a moment, but basically this is a good news. >> yeah. look, good news from the country in that the unemployment rate went down and i would say good news politically for president obama because now the talking point that republicans have used effectively for quite some time to say, you know, 42 straight months of an unemployment over 8%,
the board tax cut that is estimated to cost taxpayers $4.8 trillion. >> governor romney's central economic plan calls for a $5 trillion tax cut on top of the extension of the bush tax cuts. >> first, i don't have a $5 trillion tax cut. i don't have a tax cut of the scale that you're talking. no economist can say mitt romney's tax plan adds 5 trillion. about i say i will not add to the deficit with my tax plan. >> romney never actually said there would be a 20% tax cut? >> i'm going to lower rates across the board for all americans by 20%. i want a 20% across the board reduction in taxes. the individual marginal tax rate 20% across the board. the top rate, for instance, would go from 35 to 28, middle rates would come down by 20% as well, all rates come down. >> president obama was just as surprised. >> well, for 18 months he's been running on this tax plan. and now, five weeks before the election, he's saying that his big, bold idea is never mind. >> but the etch a sketching did not stop there. governor romney who once believed financial regulation was hurting the economy -- >> dodd frank i
by cutting taxes and getting rid of deductions? would you tell the american people exactly or even generally what you're actually going to do? >> well, i'm with you, chris. i think plat tuds and zingers don't work in a format like this. he has to have a good debate. he has to pass president obama in the polls if he's to be elected president, obviously. tonight, at a moment of peril for the country, where we have challenges abroad, severe challenges domestically, how do we restore our balance sheet in this country, how do we deal with the challenges abroad? we live in a serious time. and improvement and understanding in the race and transaction by question. >> just out today, the race is tied and obama up by seven and the latest nbc wall street journal poll. >> a new poll from telemundo, obama is up by 50, howard, among hispanics. let's go to howard fineman. back to my big question. he's had a terrible month or two. he does not look presidential. bill clinton and the president have been able to build up the notion that the economy's better than we thought. 57% of the people think that the eco
>>> a make or break week for mitt, and this is his sendoff? >> lowering the tax rates. does that cost $5 trillion? >> no, no. look, i won't get into a baseline argument with you. >> i think my biggest concern obviously would just be for the -- his mental well-being. >> you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all of the math. >> too long. good lord. on the eve of the first debate, team romney flubs their lines. >> have you got lines already prepared, attack lines? >> i'm not really a line guy. overseas which is where you and i come from means lake superior. where i come from overseas we refer to lake superior. overseas, which as a wisconsinite means lake superior -- >> i'm not familiar with precisely with what exactly i said but i stand by what i said whatever it is. ♪ how you like me now ♪ how you like me now >>> we begin with the hunt to win october and in particular the next five days that could prove decisive in this presidential campaign. indeed, after a cruel summer that extended well into september, m
get more benefits from the federal government in dollar value than they pay back in taxes. so you could argue that we're already passed that tipping point. the good news is, survey after survey, poll after poll, still shows that we are a center right 70/30 country. 70% of americans want the american dream. they believe in the american idea. only 30% want the welfare state. >> which video is more sensat n sensational? more of a game-changing contest modifier. joining us from the site of tonight's debate in denver is the man who knows from game change, emmy darling, "time" magazine and msnbc senior political analyst whose publication is out with an issue today, who's telling the truth, the fact wars. mark halperin, i've been trying to find appropriate terms that would be substitutes for the phrase game change. i can't. you coined it, you own it. which of these videos, is either one of these videos a game changer in terms of tonight's debate? >> alex, any student of political tv and cable news who didn't watch hannity last night i pity the fool. it was an awesome episode of the show
rid of the charitable deduction, because that's the only way you have revenue neutrality in these tax cuts he's talking about. his only plan for economic improvement in this country is to cut the taxes mainly of the rich. that's his only plan. the only defense of this strategy is he's going to get rid of loopholes. tell us that, governor. show us what you're going to do or stop talking. i think he's got to be that aggressive. but the main message is, show me your cards. stop bluffing. >> we have seen a little bit of telegraphing this week from mr. romney, that maybe he will put some details into his economic talk. he's started to float some new ideas about taxes that he never floated before. my question is whether or not he thinks the right place to unveil those is in a debate setting. surprise the president with something he's never said before or if he wants to save that stuff for a more controlled environment. that will tell us as much about his temperament and his strategy as it will about his plans. let me bring in lawrence o'donnell, chris. lawrence is in the spin room tonight,
calls for a $5 trillion tax cut. >> virtually everything he said about hi tax plan is inaccurate. >> for 18 months he's been running on this tax plan, and now five weeks before the election he's saying that his big bold idea is nevermind. >> let me repeat what i said. i'm not in favor of a $5 trillion tax cut. >> the president's lackluster response sent critics into a tail spin and put team obama on defense. >> i don't know what he was doing out there. he had his head down, he was enduring the debate rather than fighting it. the latest thing we got from romney because he said so, was, you know what i want to do with people when they are poor? shove them in the emergency room. where was obama tonight? >> progressives from chris matthews to bill maher to michael moore all across the progressive wing of the democratic party, there's great disappointment. >> they were jumping out of their seats watching. >> i understand. i understand there was a hunger for us to attack romney more personally than the president did last night. >> bottom line, romney scores, but was last night the firs
to a failed economic theory, of tax cuts for the rich. the notion that let's go to war with "sesame street" but give wall street a big wet kiss, that's exactly what got us into this mess. that's what we've spent four years digging out. >> that's really not what they saw. i get the interpretation you've got a campaign to win. but what they saw was one guy who seemed to be somebody they had never seen before. he shattered the fiction of the advertising he was the guy brimming with new ideas and energy. they saw the president of the united states who was sleepwalking the whole time. >> i don't disagree -- >> the tired contrast rang a bell with people. romney's got ideas and the president, there's no vision for a second term. >> mike, i don't doubt this was somebody they never seen before. quite frankly, i think there were people in the romney campaign that had never seen this candidate. a week ago paul ryan was asked to explain the math of a $4.8 billion tax cut. he said i don't have time. mitt romney said, we don't do math. you cannot wish away the existence of your entire campaign platform
romney has been running around the country for the last year promising $5 trillion in tax cuts to pay for the wealthy. the fellow on stage last night said he didn't know anything about that. >> around the same time governor romney was making a surprise appearance at the conservative political action conference, cpac in denver before heading to virginia for an event with congressman paul ryan later on this evening. zoo >> i know your passion for econo america and your desire to take our country back. for that to happen you guys have to cheer here and knock on doors and get people who voted for president obama to see the light sxwro and join our team. >> joining us now is steve boykin and anne cornbluth and steve deyes. the president out at that rally seemed more enthusiastic. he said that was not the real mitt romney who showed up at the debate last night. so the question to you, was it the real president obama who showed up last night? >> great question, because the president obama at that rally is not what i saw on the debate stage last night. one lingering question in my mind and i
repeat what i said. i'm not in favor of a $5 trillion tax cut. my plan is not to add to the deficit. >> romney proposed making the bush tax cuts permanent for all levels. he would repeal the alternative minimum tax and the estate tax. the snon-partisan tax said it would cost $4.8 trillion over ten years. romney said his plan would be paid for. to pay for the cuts, he would have to close loopholes in the tax codes and get red of deductions and credits. he hasn't said which he'd get rid of, saying he would work with congress. president obama said his plan would cut the deficit by $4 trillion. >> we all know we have to do more. so, i put forward a specific $4 trillion deficit reduction plan. it's on a website. you can look at all the numbers, what cuts we make and what revenue we raise. >> that comes from the budget and policy priorities. the president is counting money saved by letting the bush tax cuts expire for people making more than $250,000 a year. he's counting $1 trillion in savings but cutting down the wars in iraq and afghanistan. the committee for responsible budget called
is really clear. we're giving people a clear choice. >> paul ryan was asked about the tax cuts for the millionaires proposed by romney and ryan's budget plans. he was a guest on fox news sunday with chris wallace and the vice presidential candidate made some missteps of his own. >> how much would it cost? >> it's revenue neutral. >> i'm just talking about -- the cut in tax rates. >> the cut in tax rates is lowered for all americans by 20%. it's revenue neutral. >> it's not unless you take away the deductions. we're going to get to that. the first half. lowering the tax rates. does that cost $5 trillion? >> no. >> the master of the power point was having a hard time making a point. let's break down what paul ryan is actually saying here. romney and ryan will give $5 trillion in tax breaks to the wealthiest americans. subtract an unspecified amount of money of unnamed deductions. somehow you're going to get a revenue neutral tax plan. it's a plan so bogus not even a fox news host can understand it. >> you haven't given me the math. >> i don't have the -- it would take me too long
-neutral 20% tax cut across the board for every american? are we going to hear that tonight in. >> no, absolutely not. i think what you're going to hear and see is more of a tactic. sort of a communications tactic of making it sound like he's talking like a plan, like that 17,000 cap he threw out the other day and then his team walked that right back. probably -- >> karen, that's known as i've got a hole in my pocket, dear liza. >> that's right. you'll hear him talk about a number of these things as if it sounds like a plan, but without any specifics. i think what you'll see from the president is more specifics. again, the president actually has a record to talk about. i mean, put forward a health care plan. happened to be, you know, based on mitt's, but whatever. he has a jobs plan, a number of things of specifics he can point to whereas romney doesn't. i think that will be part of the contrast the president will be going for. i think romney's only defense on that, since i don't think he'll give us specifics, is rhetoric and to make it sound like he has a plan. >> do you agree with t
america a lemon. >> there will be no tax cut that adds to the deficit. i'll underline that, no tax cut that adds to the deficit. >> really? okay. what kind of mileage does it get? >> number one, pre-existing conditions are covered under my plan. >> huh? okay. do the brakes work? >> i'm sorry, jim, i'm going to stop this subsidy to pbs. i'm going to stop other things. i like pbs. i love big bird. >> let's not. let's let him respond. >> i get the last word. let me make this comment. >> nope. come on, mr. president, give us a peek under the hood. >> five week before the election he's saying that his big, bold idea is never mind. is the reason that governor romney is keeping all these plans to replace secret because they're too good? is it because that somehow middle class a families are going to benefit too much? ♪ i guess you're just what i needed ♪ >>> we begin with the president criticized as being less than effective last night by hyperventilating pundits across the board, but now getting his own chance to put a spin on the first presidential debate. fresh off last night's face-of
that the 47% of the american people who don't pay income tax just want to hang around, be dependent on the government and, you know, we just had to wean them off of that. because they didn't want to pay income tax. now, a guy with a tax account in the caymen islands is attacking other people for not wanting -- you have to give him credit, like i said. >> i love it when they put it together. when they put it together, this guy, bunch of bumz that don't want to pay the taxes and then a guy with a quarter billion dollars stuffing it offshore. bill clinton, your guy. you taught him, didn't you? >> i taught him everything he knows. no, he really has had a great moment of framing these questions. and of putting this into terms that ordinary voters can understand and relate to. framing the question -- >> i could understand him. i never thought of putting those two things together like that. the fact these bums don't want to pay tax and the richest guy in the world is avoiding tax. >> bill clinton has the best peripheral vision in the history of politics. he knows how to do it. clinton uses
from romney and obama. mainly on tax policy. >> reporter: vice president biden charged team romney would hike middle-class taxes. >> how they can justify raising taxes in the middle class that has been buried the last four years. >> reporter: republicans jumped on that, buried by obama? >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of theitis. >> reporter: that's the kind of zinger sure to be heard at debate number one. i'm steve handelsman, nbc news, denver, colorado. >> and of course we'll have complete all-day coverage leading up to tonight's first 2012 presidential debate and then be sure to stay tuned for the main event, that starts at 9:00 p.m. eastern time right here on msnbc, the place for politics. >>> last night on "the ed show" president obama's senior campaign adviser, robert gibbs, describes what he hopes to hear at tonight's presidential debate. take a listen. >> i hope the moderator gives governor romney a chance to
bankrupt so he should take the credit for saving detroit. and he's just as hapless on taxes. >> raise taxes with obama care but he's got another taxes in mind. >> governor romney doesn't need zingers. he needs to get his story straight. he needs to stop debating himself. and at the end of the day, this election isn't about one liners. just ask our president. >> i know folks in the media are speculating already on who's going to have the best zingers. what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing and restore security for hardworking americans. that's what people are going to be listening for. that's the debate that you deserve. >> that's the debate voters deserve. and on wednesday night, they won't be distracted by any zingers cooked up by romney's team of joke writers. joining me now is michelle cottle, washington correspondent for "newsweek" and the daily beast. and dana milbank, columnist for "the washington post." thanks to you both for coming on tonight. dana, are zingers the answer for mitt romney? >> well, he has to b
-- >> specific. >> it is not a goal to end tax breaks for companies that move jobs overseas and incentivize them to come back and create a million jobs in manufacturingp. we've seen the greatest increase in manufacturing jobs in more than 20 years under this president. so we have a sense of what has to happen in order to bring those businesses back and create those jobs. those aren't goals. you know, reducing our dependence on foreign oil by increasing our domestic production incentivizing clean energy to create jobs and put people back to work, those aren't goals, those are plans to continue to move this economy forward. look, i also hope that mitt romney will take some of the time paul ryan didn't want to take in his interview this weekend and try to explain the arithmetic behind their budget. paul ryan said it would take too long to explain their budget plan. the problem isn't the time and explanation. it's the math that's involved to make the statements that mitt romney and paul ryan have said line up to being anything close to the truth. and i think that governor romney will likely whether
federal income taxes. he was asked what he would have said if that came up in the debate. >> clearly, in a campaign with hundreds if not thousands of speeches and question and answer sessions, now and then you're going say something that doesn't come out right. in this case, i said something that's completely wrong. i absolutely believe, however, that my life has shown that i care about 100%. >> president obama campaigned in wisconsin, sharply criticizing romney's statements during the debate on tax cuts, education, and outsourcing as misleading to the middle class. the president had this to say about his opponent's plan for reducing the deficit. >> but i just want to make sure i got this straight. he'll get rid of regulations on wall street, but he's going to crack down on "sesame street." [ applause ] thank goodness somebody's finally cracking down on big bird. who knew that he was responsible for all these deficits. elmo's got to watch out. >> and vice president joe biden was campaigning in iowa saying that mitt romney flip-flopped on his own tax cut plan that was the center piece
and mr. ryan have given no details but have given a promise that they're going to reduce taxes by 20%, how does mitt romney deal with that tomorrow? what does he actually say that he has previously refused to say on explaining that? >> well, i think it's fascinating that they're treating mitt romney like he's the president and a lot in the media treat president obama like he's the challenger. what president george w. bush did when he was governor of texas is said i want to reduce taxes across the board and i want to make sure we have a balanced budget. he wasn't very specific during the campaign, and when he became president, he released a series of principles that went to capitol hill that said these are the measures that meet my -- >> here is the problem with that though, ron. people who have assessed his mathematics have deemed them to be completely impossible. michael, this is just in from mitt romney on how he'll pay for his massive 20% across the board tax cut. take a listen. >> everybody is going to get up to a $17,000 deduction and you can use your charitable deduction or you
. >> for 18 months he's been running on this tax plan. and now five weeks before the election, he's saying that his big, bold idea is never mind. >> you said you get a deduction for taking a plant overseas? look, i've been in business for 25 years. i have no idea what you're talking about. i maybe need to get a new accountant, but the idea that you get a break for shipping jobs overseas is simply not the case. mr. president, you're entitled to your own airplane and your own house but not your facts. i don't have any plan to cut education funding and grants for people on going to college i'm continuing on growing. is it so critical it's worth paying to china? i apologize, mr. president. i use that term with all respect. okay, good. so i'll get rid of that. >> i don't know what he was doing out there. he had his head down. he was enduring the debate rather than fighting it. romney, on the other hand, came in with a campaign. he had a plan. he was going to dominate the time. he was going to be aggressive. he's going to push the moderator around, which he did effectively. he was going to relis
business going. helping small business. >> encouraging small business growth lowered taxes for small bidses. through small businesses. 97% of small businesses. >> it's small businesses. a guy who has a small business. successful small businesses. >> those small businesses. >> all the praise for small businesses and their owners obscures the questions we should ask. what counts as a small business and what is their role in the u.s. economy? many of these small businesses talked about are anything but small. in order to avoid paying income taxes, they use sole propriet proprietorships and s-corporations. the owners file the profits on individual tax returns making the term small business about the number of owners rather than anything else. as a result, these small business owners include partners of hedge funds. also, donald trump. >> under governor romney's definition there are a bunch of millionaires and billionaires who are small businesses. donald trump is a small business. i know he doesn't like to think he's small anything, but it's how you define small businesses to get business incom
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